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Banco Di Napoli buys 4 East 54 Street.


Banco Di Napoli has purchased the century-old, Italianate mansion at 4 East 54th Street for its new U.S. headquarters.

According to according to
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 Norman Livingston of James Felt Realty Investment Services, A Grubb & Ellis Company, who was part of the broker team representing Banco Di Napoli, the five-story building was purchased for $12.8 million from the government of Indonesia, represented Soon Rhee, Rhee & Associates.

The double-width town house retains the original interior architectural features including marble columns and floors, stained glass stained glass, in general, windows made of colored glass. To a large extent, the name is a misnomer, for staining is only one of the methods of coloring employed, and the best medieval glass made little use of it. , elegant detailing and woodwork woodwork: see carpentry; furniture; intarsia; marquetry; veneer; wood carving.  and a marble and brass grand staircase (If you're looking for the similarly named structure on the RMS Titanic, see Grand Staircase of the Titanic)''

The Grand Staircase is an immense sequence of sedimentary rock layers that stretch south from Bryce Canyon National Park through Zion National
 which winds gracefully through all the floors.

The bank is adding two additional floors to the building to provide a total of 26,000 square-feet of space. The renovation and restoration of the building is being overseen by Eugene Cannata, president of Americon, Inc., a New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 construction management firm.

Banco Di Napoli currently occupies 16,000 square-feet at 277 Park Avenue. It expects to move into its new headquarters early in 1994.

Banco Di Napoli began the search for a new U.S. corporate headquarters late in 1991 and worked closely with James. S. Meiskin, managing director and David L Spiewak, associated director of Win. A. White/Grubb & Ellis in reviewing various locations in major office buildings.

When consideration was given to purchase property, Livingston and Vincent Carrega, senior vice president of James Felt Realty Investment Services, the sales and investment arm of Grubb & Eli is, joined the search.

The search eventually focused on two town houses, including the 4 East 54th Street building. When negotiations on the other property stalled, all efforts were concentrated on the East 54th Street building. When negotiations on the other property stalled, all efforts were concentrated on the East 54th Street building. Six months of negotiations were needed to complete the transaction, according to Livingston.

The property, originally built as a residence by William H. Moore, founder of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  Steel Corporation, the American Can Company and the National Biscuit biscuit,
n the firing bakes, or stages (referred to as
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high), during the fusing of dental porcelain preceding the final, or glaze, bake.


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in dogs, a grayish-yellow coat color.
 Company and completed in 1900, was purchased from the Government of Indonesia.
COPYRIGHT 1993 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:New York, New York office building
Publication:Real Estate Weekly
Date:May 19, 1993
Words:342
Previous Article:London development offers 'free-hold units.
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